Why Comerica Shares Are Falling

Comerica Incorporated CMA shares are trading lower by 2.28% to $46.25 Tuesday morning. The stock is falling after S&P Global Ratings downgraded the bank.

S&P Global Ratings is a respected authority in evaluating the creditworthiness of financial institutions. A downgrade in Comerica Bank's credit rating by S&P could signal increased risk associated with the bank's financial stability and ability to meet its obligations.

This could erode investor confidence and prompt investors to sell shares, fearing potential financial challenges.

What Happened?

S&P Global Ratings has cast a spotlight on the challenges faced by several U.S. regional banks, resulting in a series of downgrades that have reverberated through the financial sector.

According to the renowned rating agency, the Federal Reserve’s tight grip on monetary policy is now putting a strain on the funding, liquidity, and revenue of many U.S. banks. Among the banks affected by the downgrades...Read More

According to data from Benzinga Pro, CMA has a 52-week high of $86.42 and a 52-week low of $28.40.